Penumbra (PEN) IPO Prices at $30, Above Expected Range

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Penumbra (PEN) IPO Opens Sharply Higher

September 18, 2015 10:03 AM EDT

Today's IPO for Penumbra, Inc. (NYSE: PEN) opened for trading at $38.98 after pricing 4,000,000 shares of its common stock at a price to the public of $30.00 per share, above the expected $25-$28 range. The offering size was lifted from 3,800,000 shares.

The underwriters for the... More